Support for enterprise

Business Loan

A facility for members seeking working capital or investment support for business activity.

Features

Product details

  1. 1Supports business growth, stock, equipment, and cash-flow needs.
  2. 2Appraisal considers savings, guarantees, and repayment ability.
  3. 3Members should provide clear business purpose and repayment plans.

How to apply

Simple loan procedure

  1. 01Fill in the loan application form.
  2. 02Return the form for appraisal and approval.
  3. 03Pay the loan insurance fund of 1% of the approved loan.
  4. 04Collect the cheque or wait for a bank transfer.
  5. 05Begin repayment promptly after the one-month grace period.
Member loan application

Mode of payments

Member remittance channels

Caritas Micro Finance Bank

Cardinal Otunga Plaza

1002025000001

Cooperative Bank

City Hall Annex Branch

01100092802700

M-Pesa Paybill

Paybill No. 8998990

Use account format 128258#IDNUMBER plus the product code where applicable.